Financial Report

The Shepherds’ Trust 2012 Financial Results

Comprising: 2013 2012
Parish Collection $1,197,331 $1,275,355
Bequests and Donations 226,755 247,250
Parish Assessments   1,638,975 1,305,317
Investment Income  8,368,851 3,535,619
Other 20,161 1,536
Total $11,452,073 $6,365,077


The 2013 investment income includes dividends, interest and realized gains of $5.59 million and unrealized investment gain of $2.77 million from increase in fair value of investments as at December 31, 2013.

Expenditures


2013 expenditures totalled $2.9 million (2012 - $2.7 million) consisting of monthly allowances to beneficiaries, health care premiums and costs of extended health care for priests.

Comprising:   2013 2012
Pooled Funds - Bonds $ - $15,427,945
Pooled Funds - Equities - 22,679,171
Pooled Funds - Balanced 46,673,661 -
Short Term 999,116 599,484
Total $47,672,777 $38,706,600


From our 2012 Actuarial Valuation, the Net funding requirement based on the above fair market value of our investments as at December 31, 2013 is $3.0 million (December 31, 2012 - $9.8 million)

A copy of the audited financial statements is available for review at the office of the Archdiocese of Toronto - Accounting & Finance Department, 1155 Yonge Street, Toronto.